Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 6. GEORGIA LEGISLATIVE RETIREMENT SYSTEM · Article 2. CREATION, ADMINISTRATION, AND MANAGEMENT OF THE ASSETS OF THE RETIREMENT SYSTEM

47-6-20. Creation and administration of the retirement system; commencement of operations; corporate powers and privileges; name in which retirement system to transact business.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A retirement system is created and placed under the administration of the Board of Trustees of the Employees’ Retirement System of Georgia to provide retirement allowances and other benefits for members of the General Assembly. The system shall begin operation as of July 1, 1967.#
(b)
The system shall have the power and privileges of a corporation and shall be known as the ‘‘Georgia Legislative Retirement System.’’ By such name all of its business shall be transacted, all of its funds shall be invested, and all of its cash, securities, and other property shall be held.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1967, p. 259, § 2.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t47-(v35)-2010-pdf.pdf, Volume V35, 2010 edition, page 400; merge action: carried; file SHA-256 670b44b1738a.

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